COST - Costco Wholesale Executive Vice President Sold $505K In Company Stock | Benzinga
A substantial insider sell was reported on January 16, by Caton Frates, Executive Vice President at Costco Wholesale (NASDAQ:COST), based on the recent SEC filing.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday outlined that Frates executed a sale of 740 shares of Costco Wholesale with a total value of $505,789.
Costco Wholesale's shares are actively trading at $679.27, experiencing a down of 0.33% during Wednesday's morning session.
About Costco Wholesale
Costco operates a membership-based, no-frills retail model, predicated on offering a select product assortment in bulk quantities at bargain prices. The firm avoids maintaining costly product displays by keeping inventory on pallets and limits distribution expenses by storing its inventory at point of sale in the warehouse. Given Costco's frugal cost structure, the firm is able to price its merchandise below competing retailers, driving high sales volume per warehouse and allowing the retailer to generate strong profits on thin margins. Costco operates nearly 600 warehouses in the United States and boasts over 60% market share in the domestic warehouse club industry. Internationally, Costco operates another 270 warehouses, primarily in markets such as Canada, Mexico, Japan, and the U.K.
Financial Insights: Costco Wholesale
Revenue Growth: Costco Wholesale displayed positive results in 3 months. As of 30 November, 2023, the ...